Business Glossary

cash equivalents and other assets that are easily convertible into cash. Some examples are government securities, bank time deposits , and money market fund shares. Bonds close to redemption date are also called near money.

liquid assets, such as time deposits, Treasury bills, and other short-term government securities, that are easily converted to cash on short notice. Near money is, however, excluded from the narrowest definition of the money supply , because, unlike checking accounts and cash, it does not function as a medium of exchange in everyday purchases of goods and services.

assets that are easily convertible into cash. Some examples are government securities, bank time deposit , and money market fund shares. Bonds close to redemption date are also called near money.